Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Denmark
DNKCP050000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.05
Year-over-Year Change
-81.95%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance measures changes in the prices paid by Danish consumers for these goods and services. It is a key indicator of inflationary trends in the household sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Furnishings, Household Equipment and Routine Household Maintenance is a component of the overall Consumer Price Index (CPI) and the Harmonized Index of Consumer Prices (HICP) for Denmark. It tracks the prices of a representative basket of household items like furniture, appliances, and maintenance services.
Methodology
The data is collected through surveys of Danish retailers and service providers and calculated according to internationally standardized COICOP (Classification of Individual Consumption by Purpose) guidelines.
Historical Context
Central banks and policymakers use this CPI component to assess domestic inflationary pressures and inform monetary policy decisions.
Key Facts
- Denmark's CPI for Furnishings, Household Equipment and Routine Household Maintenance has a base year of 2015.
- This CPI component accounts for approximately 5% of the overall Danish CPI basket.
- Prices for this category have risen by an average of 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This economic indicator tracks changes in the prices paid by Danish consumers for furnishings, household equipment, and routine maintenance services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Furnishings, Household Equipment and Routine Household Maintenance is an important component of overall inflation monitoring and can provide insights into household spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish retailers and service providers and calculated according to COICOP guidelines.
Q: How is this trend used in economic policy?
A: Central banks and policymakers use this CPI component to assess domestic inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Denmark (DNKCP050000CTGYM), retrieved from FRED.